Well if news made charts, the Euro would be at parity by now. However, I have to contend that mid to long term, the cumulative effect of good macro data does influence price. The problem we are all faced with in Forex, is that with every position we ...

Cable Update (GBPUSD)

Cable index USDLFX (USD Index) = SQR ((USDCHF * USDJPY) / (GBPUSD * EURUSD)) GBPLFX (Cable Index) = GBPUSD * USDLFX EURLFX (Euro Index) = EURUSD * USDLFX You can get the charts and data feed in an MT4 demo account from LiteForex > url

Cable Update (GBPUSD)

GBP/LFX outside day reversal. image

Cable Update (GBPUSD)

Cool

Cable Update (GBPUSD)

1.62 by tonight is a bit of a stretch, but I guess anything is possible... even a 1.20 E/U I suppose Anyway, don't listen to me. I'm clearly biased.

Cable Update (GBPUSD)

I'm in ecstasy just thinking about it. Uhq uhq Ahhhhhhhhh

Cable Update (GBPUSD)

Then you'll be even happier when we retest 5885 support... and maybe even break through this time.

Cable Update (GBPUSD)

He could be right. Only a solid break above 1.6260 with strong momentum will say that Vozniy may be right. Right now it is looking more bearish.

The Club!

USD is on the runway ready for take off. Just sayin. Assess the risk carefully. I'm sure you know what you're doing, I'm just letting you know about the USD outlook in case you missed it. Cheers.

Cable Update (GBPUSD)

Yep... I've been watching it since July. url image

Cable Update (GBPUSD)

Welcome to the twilight zone. Where deja vu is on the menu every day

Cable Update (GBPUSD)

Congrats Chris. Well done on the half off

EurAnalysis

Target reached

The Club!

Sometimes I do

Cable Update (GBPUSD)

Daily Technical Analysis – 25 November 2013 url

EurAnalysis

EUR/USD: The Week Ahead url

EurAnalysis

I am not sure which brokers allow it, but I remember it was allowed when I had an account with IBFX US. It's great if you want to allow a trade to go against you. Even if you want to keep it hedged for multiple days, you simply close the profit side ...

Cable Update (GBPUSD)

Yes in fact I am long USD image

Cable Update (GBPUSD)

Ehem... Actually it is quite legal and many brokers allow it (hedging) on an intraday basis only, but at roll over the broker is required to net it out. So if you are evenly hedged, both positions are fully closed out. If you are net short by 1 lot, ...

Cable Update (GBPUSD)

I remain bearish as long as it holds below 1.6260. If that level is popped, then I go neutral.

Cable Update (GBPUSD)